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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Automotive properties
11800 124th NE Ave Kirkland, WA 98034-8109
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1711875
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,620 SF
Lot
0.51 ac (22,057 SF)
Zoning code
TL 6A
APN
282605-9052
UPID
US90-1711875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ford of Kirkland Service Auto Repair Shop
-
Best Chance Auto Loan Car Dealership
-
Ford of Kirkland Parts Department Auto Parts Store
-
Hyundai of Kirkland Car Dealership
-
Ford of Kirkland Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.10M
Blend (final)
Blend
$1.93M
Owner & transaction history
City Of Kirkland · 4 yrs held
City Of Kirkland
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
TL 6A · Kirkland, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+20.1%
Commercial (general)
$2.4M
+11.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kirkland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kirkland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,780,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,120,000
Current use
OFFICE BUILDING
$2,545,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,355,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$1,825,000
Change: -14% · Conversion: Difficult
RETAIL STORES
$1,810,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $2.00M (Jun 28 2022)
Last sale anchor
$2.00M
Jun 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$418 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$14,375
Tax year 2022
Assessed value
$1,649,200
Assessed 2022
Previous assessed
$1,649,200
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$774,600
Assessed improvement
$874,600
Land market value
$774,600
Improvement market value
$874,600
Total market value
$1,649,200
Applied tax rate
1,743.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
2
Total area
4,620 SF
Lot
0.51 ac (22,057 SF)
Zoning code
TL 6A
APN
282605-9052
UPID
US90-1711875
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TL 6A · Kirkland, WA
Zoning TL 6A · permitted uses
TL 6A · Kirkland, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kirkland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
City Of Kirkland
Entity
Mailing address
123 5TH AVE NE, KIRKLAND, WA 98033-6121
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
City Of Kirkland
Kirkland Totem Real Estate Partners
Intrafamily Transfer
related
—
Sep 17, 2018
—
Kirkland Totem Real Estate Partners
—
Deed
related
$17,333,189 · Comerica Bank
Mar 6, 2018
—
Kirkland Totem Real Estate Partners
—
Deed
related
$2,600,000 · Comerica Bank
Nov 21, 2008
$2,000,000
Kirkland-totem R/e Ptrs LLC
11706 124th Ave Ne Assocs LLC
Warranty Deed
$1,800,000 · Comerica Bank
Jun 6, 2002
—
Kirkland City (wa)
Evergreen Villa HOA
Grant Deed
related
—
Oct 17, 1996
$1,025,000
Maria Smith
Thumahun Auto Group-north INC
Grant Deed
—
Jul 6, 1988
$850,000
Heritage Auto Center INC
Wright,william T
Grant Deed
$561,000 · Seattle-first National Bank
—
—
Maria Smith
—
Deed Of Trust
related
$785,000 · Chrysler Financial Co LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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